Full year results highlight a much-improved performance driven by strong progress against operational and financial goals. This is reflected in higher Premium Service revenue, cross and up-selling success, improved linguistic utilisation and cost savings already delivered. Further cost initiatives already underway should deliver upside pressure to our conservative operating margin forecasts. A FY19 EV/EBITDA of 11.9x, falling to 10.4x in FY20, looks particularly good value given this upgrade pot ....

20 Mar 2019
Transformation plan drives improved performance

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Transformation plan drives improved performance
RWS Holdings plc (RWS:LON) | 300 -21.6 (-2.4%) | Mkt Cap: 1,166m
- Published:
20 Mar 2019 -
Author:
Adam Lawson -
Pages:
3 -
Full year results highlight a much-improved performance driven by strong progress against operational and financial goals. This is reflected in higher Premium Service revenue, cross and up-selling success, improved linguistic utilisation and cost savings already delivered. Further cost initiatives already underway should deliver upside pressure to our conservative operating margin forecasts. A FY19 EV/EBITDA of 11.9x, falling to 10.4x in FY20, looks particularly good value given this upgrade pot ....